Reliance Q1 Results Live Updates: Reliance Jio net profit rises 12% to ₹5,445

Reliance Q1 Results Live: The company’s consolidated EBITDA increased to ₹13,920 crore from ₹13,612 crore quarter-on-quarter (QoQ).

Reliance Q1 Results Live: Reliance Jio Infocomm’s standalone net profit for Q1 increased by 12% year-on-year to ₹5,445 crore, while its revenue grew by 10% to ₹26,478 crore.

Reliance Q1 Results Live: The retail segment is expected to continue growing, fueled by rising foot traffic and the addition of new stores. EBITDA for the retail sector is forecasted to increase by 16 percent year-over-year. This follows a similar pattern from the previous year, which also experienced significant revenue growth.

Reliance Q1 Results Live: Reliance Industries Ltd (RIL) is anticipated to report modest quarterly earnings growth on July 19, driven by strong performances in its telecom and retail segments, as well as stable oil and gas production.

Reliance Q1 Results Live: Reliance shares ended Friday’s trading session in red. The stock finally closed 1.78 per cent lower at ₹3,116.95 ahead of the quarterly results announcement.

Reliance Q1 Results Live: Reliance consolidated net profit for the quarter ended June 2024 is estimated to fall 15.5% to ₹16,022 crore from ₹18,951 crore in the March quarter.

The company reported a consolidated net profit of ₹16,011 crore in the June quarter of last fiscal.

Reliance Q1 Results Live: Consolidated EBITDA is estimated to decline ~8% QoQ (+3% yoy), due to weaker O2C performance, while standalone EBITDA is expected to decline ~15% QoQ on weaker Gross Refining Margin (GRM), according to Kotak Institutional Equities.

Reliance Jio is expected to report ~2% QoQ EBITDA growth, driven by ~9.4 million overall net subscriber additions (versus ~11 million QoQ) and stable ARPU at ₹182 per month.

Reliance Retail is expected to see modest ~2% QoQ EBITDA growth on increased store footprint and operating leverage. Analysts assume ~4% QoQ moderation in E&P EBITDA.

Reliance Q1 Results Live: Sharing his outlook on Reliance share price, Sumeet Bagadia, Executive Director at Choice Broking, said, “Reliance shares will remain strong and an idea buy-on-dips stock till it is trading above ₹3,100. So, those who want to add RIL shares to their portfolio can buy Reliance shares at the current market price for the short-term target of ₹3,250, maintaining a stop loss of ₹3,100.”

Similarly, RIL shareholders are advised to hold the scrip maintaining stop loss at ₹3,100 apiece, Bagadia said.

Reliance Q1 Results Live: Prathamesh Masdekar, Research Analyst at StoxBox expect Reliance to report a mixed set of numbers in Q1FY25, which may see a rise in revenue annually. Still, there could be a sequential decline in operating profit and margin. The company’s operational performance is expected to be subdued mainly due to lower refining margins and a slowdown in the retail business.

“Additionally, higher depreciation may impact net profit growth to a low single-digit annually. Reliance will likely see a sharp decline in its OTC segment earnings due to sequential correction in GRMs despite better capacity utilization, petchem pricing and margins. Jio is expected to show steady performance, while the retail segment profitability should be moderate. Increasing store footprint, operating leverage in Reliance Retail, net subscribers’ additions from Jio, and better Petchem…